Addnode Group Annual Report 2015 | Page 9

ADDNODE GROUP Business concept and targets Financial targets GROWTH TARGETS SET BY THE BOARD OF DIRECTORS ACHIEVEMENT 2015 EARNINGS 10% 10% 19% 9% Annual growth in net sales of at least 10 per cent. Growth in 2015 was 19 per cent. Growth is attributable to the acquisition of Transcat PLM in the Product Lifecycle Management (PLM) business area. ACHIEVEMENT OVER FIVE YEARS Operating margin before amortisation and impairment of intangible assets (EBITA margin) of at least 10 per cent. The EBITA margin was 8.8 per cent (9.9), adjusted for revaluation of contingent consideration. Net sales growth, SEK m EBITA, SEK m* 2,000 DIVIDEND POLICY 200 9.5 1,600 9.9 10.2 8.8 1,400 7.7 1,200 Dividend per share, SEK 12 2.5 10 2.0 8 150 1,000 4 600 50 400 200 0 0 2011 2011 2012 2012 2013 2013 2014 2014 2015 During the last five-year period, sales grew by an average of 12%. 1.5 6 100 800 71 % The Board of Directors has proposed a dividend of SEK 2.25 per share (2.25). Based on an average share price of SEK 52.53 in 2015, the proposed dividend corresponds to a dividend yield of 4.3 per cent. EBITA margin, %* 250 1,800 50% At least 50 per cent of consolidated profit after tax shall be distributed to the shareholders, provided that net cash is sufficient to operate and develop the business. 2011 2012 2013 2014 2015 * Excluding capital gains and revaluation of contingent consideration. 1.0 2 0.5 0 0.0 2011 2011 2012 2012 2013 2013 2014 2014 2015* 2015* * Proposed by the Board of Directors. 9 01-32+88_Addnode_2015_EN.indd 9 2016-05-12 08:52:08